Wednesday, 17 March 2010

Luxury News In Brief – 17/3/10

While Bulgari struggles and plans to cut back, Richemont-owned jeweller Van Cleef & Arpels plan to double their stores in China this year. The company’s CEO, Stanislas De Quercize, called their Chinese expansion “priority number one.” Click here to read more.

Shares of Richemont rose yesterday as rumours emerged that the Swiss luxury group was planning to buy internet designer clothing retailer Net-a-Porter, which it already owns 29 percent of. Read the full story here at Reuters.

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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,